PRICING NOTICE: Extending consultation period on proposal to refine soda ash prices

By Michael Greenfield, Michael Greenfield
Published: Tuesday, 28 August 2018

Industrial Minerals has extended the consultation period regarding its proposal to refine specifications of its soda ash prices.

During the previous consultation, which ended August 27, Industrial Minerals received feedback from the market that indicates the need for further market engagement on the proposal: 

Industrial Minerals' consultation is regarding the below refinements to existing soda ash prices:

Current specification
Price:  Soda ash, synthetic, dense and light, small parcels, list price, ex-works Europe, €/tonne
Currency & Unit: € per tonne
Location: Europe
Basis: ex-works
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time

Revised specification
Price: Soda ash, natural & synthetic, dense & light, spot, ex-works Europe, €/tonne
Currency & Unit: € per tonne
Location: Europe
Basis: ex-works
Price type: Assessment
Frequency: Weekly
Minimum lot size: 2,000 tonnes
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time

Current specification
Price:  Soda ash, European synthetic, dense & light, large contracts, ex-works, €/tonne
Currency & Unit: € per tonne
Location: Europe
Basis: ex-works
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time.

Revised specification
Price: Soda ash, natural & synthetic, dense & light, large contracts, ex-works Europe, €/tonne
Currency & Unit: € per tonne
Location: Europe
Basis: ex-works
Price type: Assessment
Frequency: Monthly
Minimum lot size: 10,000
Form: Powder
Publication frequency: Last Thursday of the month between 3pm and 4pm London time.

Current specification
Price:  Soda ash, natural, large contracts, fob Wyoming, USA, $/tonne
Currency & Unit: $ per tonne
Location: USA
Basis: fob Wyoming
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time.

Revised specification
Price: Soda ash, natural, large contracts, fob Wyoming, USA, $/tonne
Currency & Unit: $ per tonne
Location: USA
Basis: fob Wyoming
Price type: Assessment
Frequency: Monthly
Form: Powder
Publication frequency: Last Thursday of the month between 3pm and 4pm London time.

Current specification
Price:  Soda ash, US natural, dense, list price, fob Wyoming, USA, $/tonne
Currency & Unit: $ per tonne
Location: USA
Basis: fob Wyoming
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time.

Revised specification
Price: Soda ash, natural, spot, fob Wyoming, USA, $/tonne
Currency & Unit: $ per tonne
Location: USA
Basis: fob Wyoming
Price type: Assessment
Frequency: Weekly
Form: Powder
Publication frequency: Weekly, Thursday between 3pm and 4pm London time

The consultation period for this proposal will end one month from the date of this pricing notice on September 28, 2018. If the feedback about the proposed changes is positive, these will be applied from October 1, 2018.

To provide feedback on the amendments outlined above, or if you would like to provide price information by becoming a data submitter, please contact us by email at  pricing@indmin.com. Please add the subject heading 'FAO: Michael Greenfield, re: soda ash prices'.

To see all Industrial Minerals’ pricing methodology and specification documents, go to  http://www.indmin.com/Methodology



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